Yauricocha's reserves are, in the proven category, 1.8 million tonnes and a little over 7 million tonnes in the probable category.
Latin America Mining News
SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”
The authorities had closed the port terminal operated by the miner and fined it 35 million reais ($9.43 million) for throwing mining residues in the sea.
The $696m move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico.
The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.
State-development bank BNDES intends to sell shares in the miner, but has yet to find a good moment to do so.
Peru's environmental regulator OEFA has concluded that mining waste from the company's Cuajone mine did not spill into a river during heavy rains last week.
The Andean nation is the world's fifth-largest exporter of coal.
"I think this is just a natural volatility after such a big supply shock"
The company said that any potential restart would be dependent on market conditions.
The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.
Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.
"The Brumadinho disaster shows that favoring profit over safety has been Vale's standard operating procedure."
The action will increase Livent's sale taxes in China but give it greater access to growing markets for lithium in Japan, South Korea and elsewhere.
Was it another false dawn for the nickel market?
Iron ore’s dramatic rally will raise costs for steelmakers, potentially crimping their profit margins, unless they are able to pass on the additional burden to customers.
Vale has flagged production cuts of as much as 70 million tons in the wake of the deadly dam breach, spurring worries about a substantial loss of seaborne supply.
We used to say these kinds of mining incidents were acts of God, but now ... we consider them failures in engineering.
The companies 112 percent rise in net income in all of 2018 was due mainly to higher sales and lower taxes.
The company reported $2.567 billion in revenues for the fourth quarter, down slightly from a year earlier.
The company, which produces lithium in Argentina, posted net income of $25.9 million, or 18 cents per share.
Fura Gems has launched the Provenance Proof Blockchain designed to promote transparency in the coloured gemstones industry.
Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to “a nice beach somewhere far from Venezuela.” The question is where would -- or could -- he go?
SNC didn’t identify the project but analysts are pointing the finger at a copper mine run by Codelco, Chile’s state-owned producer.
The country's environmental agency OEFA detected a "flow of a greenish solution" into the nearby Torata River in the waste deposit area of the copper mine, located in the Moquegua region.